You can remove it by editing a template:
AdminCP -> Styles & Templates -> Your Style -> Edit Templates -> header
Find:
HTML Code:
<ul class="nouser">
<vb:if condition="$show['registerbutton']">
<li><a href="register.php{vb:raw session.sessionurl_q}" rel="nofollow">{vb:rawphrase register}</a></li>
</vb:if>
Replace with:
HTML Code:
<ul class="nouser">
<vb:if condition="$show['registerbutton']">
<!-- <li><a href="register.php{vb:raw session.sessionurl_q}" rel="nofollow">{vb:rawphrase register}</a></li> -->
</vb:if>